Ossiam Sells 16,932 Shares of Visa Inc. (NYSE:V)

Ossiam reduced its holdings in Visa Inc. (NYSE:V) by 35.1% during the 4th quarter, Holdings Channel reports. The fund owned 31,357 shares of the credit-card processor’s stock after selling 16,932 shares during the quarter. Ossiam’s holdings in Visa were worth $9,910,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of V. BI Asset Management Fondsmaeglerselskab A S increased its position in Visa by 64.8% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 493,087 shares of the credit-card processor’s stock valued at $155,835,000 after acquiring an additional 193,880 shares in the last quarter. Beck Mack & Oliver LLC grew its stake in shares of Visa by 0.4% during the fourth quarter. Beck Mack & Oliver LLC now owns 14,040 shares of the credit-card processor’s stock valued at $4,437,000 after purchasing an additional 51 shares during the last quarter. Capital International Inc. CA increased its holdings in shares of Visa by 6.8% in the fourth quarter. Capital International Inc. CA now owns 356,218 shares of the credit-card processor’s stock valued at $112,579,000 after purchasing an additional 22,652 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Visa by 0.7% in the fourth quarter. Capital Research Global Investors now owns 707,582 shares of the credit-card processor’s stock valued at $223,624,000 after purchasing an additional 4,836 shares in the last quarter. Finally, Capital World Investors raised its position in Visa by 1.0% in the 4th quarter. Capital World Investors now owns 23,277,622 shares of the credit-card processor’s stock worth $7,356,614,000 after purchasing an additional 241,057 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. This represents a 94.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and issued a $383.00 price target (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Oppenheimer reissued an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Evercore ISI started coverage on shares of Visa in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 target price on the stock. Finally, Barclays lifted their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $355.84.

Visa Stock Performance

Shares of V opened at $329.26 on Friday. The firm’s 50 day moving average price is $340.68 and its two-hundred day moving average price is $320.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The firm has a market cap of $611.69 billion, a P/E ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.72%. Visa’s payout ratio is presently 23.79%.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.